P11-12 (similar to) Question Help Book value versus market value components. The CFO of DMI is trying to determine the company's WACC. Brad, a promising MBA, says that tho company should use book value to assign the WACC components' percentages. Angela, a long-time employee and experienced financial analyst, says that the company should use market value to assign the components' percentages. The after-tax cost of debt is at 11,4%, the cost of proferred stock is at 15.51%, and the cost of equity is at 18.81%. Calculate the WACC using both the book value and the market value approaches with the information in the popup window. Which do you think is better? What in the book value adjusted WACC for DMI? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer Clear All Check Aw the bal. 2 parts remaining .X value to lue to as Calculate Data Table any should equity is a: you think e book ound to t $0 $58,000 Click on the loon in order to copy its content into a spreadsheet. DMI Balance Sheet ($ in thousands) Current assets $32,327 Current liabilities Long-term assets $66,673 Long-term liabilities Bonds payable Owners' equity Preferred stock Common stock Total liabilities and Total assets $99,000 owners' equity $12,000 $29,000 $99,000 Click on the icon in order to copy its content into a spreadsheet. Market Information Debt Preferred Stock Outstanding 58,000 120,000 Market Price $1,026.02 $107.69 Common Stock 1,160,000 $36.72 Print Done ur answer ining Clear All Check